The debt service in the Water and Sewer Fund is for a note executed December 8, 2011, with a Maturity Date of December 1, 2015, to fund the purchase of wireless water meters in the original amount of $132,110.00. There is a principal balance of $56,910. This debt is repaid from Water and Sewer Fund user fees.

The City of Troup owes $1,392,000.00 remaining principal balance on the 2013 Series Refunding Bonds with an annual interest rate of 2.92%. The bonds were issued April 16, 2013. The final bond payment is scheduled for August 1, 2029. Almost all of this debt was used to fund the new Water Tower. These are General Obligation Bonds which are repaid from property taxes. Click here to download a copy of the full information on the 2013 Series Refunding Bonds.

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